Skip to content
Crypto News Focus logo CNF_CRYPTO_NEWS_FOCUS_LOGO 8

Crypto News Focus

your day to day crypto news site

Primary Menu
  • Home
  • News
    • Bitcoin News
    • Ripple XRP news
    • Ethereum News
    • Cardano News
    • Shiba Inu News
    • Pi Network News
    • More
  • Analysis
  • PR Desk
  • About Us
  • General Policy & Privacy
  • Guides
    • Bitcoin Guides
    • Pi Network Guide
    • Cardano Guide
  • Politics
  • Tech
  • Home
  • News
  • Dogecoin’s Whales Signal Potential Price Reversal After Accumulating 800 Million DOGE
  • Analysis
  • News

Dogecoin’s Whales Signal Potential Price Reversal After Accumulating 800 Million DOGE

Jane Kariuki 17 April 2025
dogecoin on marbles
  • Dogecoin (DOGE) has seen a surge in whale activity, with over 800 million DOGE accumulated in 48 hours, signaling potential for a price reversal.
  • Technical indicators also suggest a possible rally, though a false breakout and failure to hold key support levels could still lead to a bearish trend.

Dogecoin (DOGE) is showing signs of a potential comeback after whales accumulated over 800 million coins in just two days, sparking optimism in a market that’s been mostly bearish in recent weeks. The price has recovered from a recent dip, hovering around $0.15, as traders look for clues on whether this move is the start of a genuine reversal—or just another false alarm.

Whale Activity Hints at Growing Confidence

Large holders—wallets with over 1 billion DOGE—have increased their combined holdings from 71.36 billion to 72.18 billion coins. This spike in accumulation coincided with a price jump from $0.131 to $0.159, suggesting these investors may be preparing for a bullish phase.

DOGE WHHALE ACTIVITY CHART

Such whale behavior often signals stronger market sentiment, as their strategic purchases are closely watched by retail traders. If accumulation continues, DOGE could break past key resistances near $0.18 and even aim for the $0.20 zone, reinforcing bullish momentum.

Technical Indicators Point to a Turning Point

Dogecoin’s technical indicators are flashing familiar signals last seen before previous price recoveries. The MACD lines are flattening out, creating conditions for a potential bullish crossover. Meanwhile, the RSI is climbing, even as the price hit recent lows—often a precursor to trend reversals.

DOGE/USD 24 HOURS CHART

This combination suggests the market might be forming a bottom, especially if trading volume increases. In past scenarios, similar patterns led to notable price surges, with DOGE reaching as high as $0.23 after similar technical formations.

False Breakout May Trigger a Bull Trap—or a Rally

Adding to the intrigue is a false breakout beneath DOGE’s support zone, something not seen since December 2024. This deceptive move briefly pushed prices below $0.14, only for DOGE to bounce back above it—a classic bear trap pattern. If this holds, it could invite fresh buying pressure from sidelined bulls and force short-sellers to cover.

Should momentum carry the price beyond $0.16 and sustain above it, DOGE might target higher levels like $0.23 or even $0.48. However, a drop below $0.15 again could reverse the optimism and see DOGE test $0.13 support.

As it stands, Dogecoin’s next few moves near the $0.14–$0.16 zone will be crucial in determining whether this is the beginning of a recovery—or just another fake-out in a volatile meme coin market.

Continue Reading

Previous: Mantra’s Fall Shakes Trust in Crypto, But XRP ETF Could Revive Confidence, Analysts Say
Next: Ripple Eyes Breakout Above $2 as SEC and XRP ETF Fuel Momentum

Related Stories

Monero XMR Highlight_simple_compose
  • Analysis

Monero XMR Is Heating Up Aiming $500 Now After Bullish Surge

Simon Njenga 3 June 2025
shiba inu
  • Analysis

Shiba Inu’s Massive Token Burn Sparks Hopes for 500% Price Rally

Jane Kariuki 3 June 2025
dogecoin on marbles
  • Analysis

Dogecoin Under $0.25: Smart Buy or Risky Bet?

Dennis Gatheca 3 June 2025

For general inquiries, please email us at Info@cryptonewsfocus.com

Crypto news focus is your day-to-day crypto news site. Get all the latest News and trends in the crypto, blockchain, and DeFi space. For more info and inquiries, reach out via email at info@cryptonewsfocus.com

You may have missed

Monero XMR Highlight_simple_compose
  • Analysis

Monero XMR Is Heating Up Aiming $500 Now After Bullish Surge

Simon Njenga 3 June 2025
shiba inu
  • Analysis

Shiba Inu’s Massive Token Burn Sparks Hopes for 500% Price Rally

Jane Kariuki 3 June 2025
dogecoin on marbles
  • Analysis

Dogecoin Under $0.25: Smart Buy or Risky Bet?

Dennis Gatheca 3 June 2025
Litecoin coins
  • Guide

How to Keep Your Litecoin Secure with Simple Safety Tips

Jane Kariuki 3 June 2025

Social Media

Crypto News Focus © All rights reserved | MoreNews by AF themes.
Go to mobile version
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok